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Bushman, Inc., issues $600,000 of 9% bonds that pay interest semiannually and mature in 10...

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Accounting

Bushman, Inc., issues $600,000 of 9% bonds that pay interest semiannually and mature in 10 years. Compute the bond issue price assuming that the bonds' market rate is: a. 10% per year compounded semiannually.

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